Gresham has issued interim results that highlight an excellent start to the year with group revenues up 36% to £12.4m (29% like-for-like), delivering adjusted EBITDA (post IFRS 16) up 525% to £2.5m. Clareti software recurring revenues were up 63% and Clareti ARR up 31% on a like-for-like basis. This growth was driven by four strategic Clareti wins, each exceeding £1m and with an aggregate minimum value of £7.8m; six new Clareti customers signed in the period (including one of the strategic wins) ....
23 Jul 2019
Interims as expected, strongly positioned for full year
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Interims as expected, strongly positioned for full year
Gresham Technologies plc (GHT:LON) | 129 0 0.0% | Mkt Cap: 108.2m
- Published:
23 Jul 2019 -
Author:
N+1 Singer Team -
Pages:
4
Gresham has issued interim results that highlight an excellent start to the year with group revenues up 36% to £12.4m (29% like-for-like), delivering adjusted EBITDA (post IFRS 16) up 525% to £2.5m. Clareti software recurring revenues were up 63% and Clareti ARR up 31% on a like-for-like basis. This growth was driven by four strategic Clareti wins, each exceeding £1m and with an aggregate minimum value of £7.8m; six new Clareti customers signed in the period (including one of the strategic wins) ....